Covid-19 Support Round Up

Support roundup during Covid-19

Auckland is currently in Alert Level 3 until at least midnight Wednesday 17 February, and the rest of NZ is in Level 2, meaning some businesses have to change how they operate. Here is some of the support on offer. WAGE SUBSIDY In the event of a move of Levels 3 […]

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Covid-19 Short-Term Absence Payment

Short Term Absence Payment

The COVID-19 Short-Term Absence Payment is available for businesses, including self-employed people, to help pay your workers who cannot work from home while they wait for a COVID-19 test result. There’s a one-off payment of $350 for each eligible worker while they are staying home waiting for test results. This is […]

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Resurgence Support Payment proposed

resurgence support payment Dec2020

Are you worried about our Alert Levels changing? If there is a resurgence of Covid-19, the Government is ready to back NZ businesses. The Government has announced a package to support businesses and individuals in the event of a change in COVID-19 alert levels. The package contains a proposal for a […]

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Updates to the Small Business Cashflow (Loan) Scheme – November 2020

Update to Small business cashflow scheme

The Government launched the Small Business Cashflow Loan Scheme (SBCS) in May to assist eligible small-to-medium businesses adversely affected by COVID-19. They subsequently extended the application period to help businesses and in November announced further changes, expected to take effect by 31 December 2020. Businesses employing up to 50 full-time staff […]

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The difference between Restructuring and Redundancy

In the current economic climate, your business may be exploring cost-saving options, including reorganising or downsizing your workforce. If you are looking at restructuring and the possibility of redundancies, you need to understand the difference between the two, as they often get mistaken for the same thing. Getting either wrong could […]

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The Resurgence Wage Subsidy

Covid19 mask.

The Government announced on 17 August 2020 a new round of the wage subsidy, in response to current lockdown restrictions. The Resurgence Wage Subsidy is a 2-week payment. Businesses will need to show a 40% drop during a period of at least 14 days between 12 August and 10 September 2020, […]

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